Explain TPS, OSS, KWS, DSS, MIS, ESS, find information related to these systems from Internet and find how many companies provide such kind of system around the globe. Name top 5 companies who provide such systems also enlist the capabilities of these systems. Compare different vendors who provide each type of systems with respect to the functionalities and capabilities of these systems.
Information systems (IS) is the study of complementary networks of hardware and software that people and organizations use to collect, filter, process, create, and distribute data.
Transaction Processing Systems(TPS)
It is a system that handles all the processing and tracking of transactions in a certain business. The very basic form of recording business transactions through systems is entering all the quantities of goods bought, swiping the credit card through card reader and entering other information into point-of-sales system. The critical data must be entered into the information system before the transaction is completed. The businesses require the means to process data transactions fast and facilitate customer request through smooth flow of data within the business and ensure timely responses to suppliers and partners. The main problems faced may be handling simultaneous users, the need to allow users to work on the same set of data with immediate updating and handling errors in a safe and consistent manner.
Office Support Systems(OSS)
These systems are designed to manage information in a way that helps user with the handling of information-related tasks.OSS primarily aid data workers (although they are also used extensively by knowledge workers). User can perform various operations like word processing, accounting, document management and communications. To minimize time wastage and effort, OSS can assist in planning, designing and selling.
Knowledge Work Systems(KWS)
These serve the information needs at the management level of the organization. KWS aid...
...using enterprise systems.
More and more organizations are seeking to integrate the core functions of their business with technological advances. Enterprise systems facilitate this integration process through a single software architecture that links all aspects of business to function as one unit.
Enterprise systems also commonly known as ES are comprehensive, large scale application-software packages, which use powers of present day information technology (IT) for supporting processes, reporting, data analysis and information flows. These IT powers include data storage, computational, and data transmission and are done between and within complex organizations.
Enterprise systems can be briefly called as packaged enterprise application software (PEAS) systems and is a perfect combination of adjectives, like “enterprise”, “packaged”, and “application”.
Enterprise system is a broad term and includes Enterprise resource planning (ERP), Supply Chain Management (SCM) and Customer Relationship Management (CRM). Enterprise systems are usually built on, software platforms like Oracle’s Fusion and SAP Net Weaver and is typically, a relational database. There are many benefits of employing an enterprise system in an organization. The two benefits of using ES systems are;
...SAP stands for Systems Applications and Products in Data Processing.
It was Founded in 1972 by Wellenreuther, Hopp, Hector, Plattner and Tschira.
SAP by definition is also name of the ERP (Enterprise Resource Planing) software as well the name of the company.
SAP system comprises of a number of fully integrated modules, which covers virtually every aspect of the business management.
SAP is #1 in the ERP market. As of 2010, SAP has more than 140,000 installations worldwide, over 25 industry-specific business solutions and more than 75,000 customers in 120 countries
Other Competitive products in market are Oracle, Microsoft Dynamics etc.
What is an SAP- ERP? Why it is Required?
Following Video will explain the need of an ERP software like SAP in an enterprise
Video Transcript with Key Takeaways Highlighted:
* The very basic question is why Enterprise Resource Planning also called ERP is required ?To answer this, lets examine this typical business scenario
* Sales Team approaches the Inventory department to check for availability of the product.
* In case the product is out of stock, the sales team approaches the Production Planning Department to manufacture the product.The Production planning Team checks with inventory department for availability of raw material
* If raw material is not available with inventory, the Production Planning team buys the raw material from the Vendors then Production Planning forwards the...
...enterprises use ERP systems in their day-to-day business activities like managing human resources, accounting and financial activities or how ERP software’s improve customer relations. It states the numerous numbers of ERP vendors and the objective of ERP systems.
This project summarizes the various aspects of ERP and the broad horizon of it, it shows firms can use, enhance and optimize their business activities. It includes how ERP systems can give a competitive advantage to a new firm or how it can maintain the competitive advantage of an existing firm, It uses the 5 forces of Michael E porter to illustrate how huge firms like Amazon owe a part of their success to ERP software’s and how actually how important it really is and what impact it has on the daily life of the business firms and how it increases the efficiency of their day to day activities.
This project recommends why ERP systems are so vital and essential and why markets that have not exploited these systems should use such systems by illustrating the most important advantages of ERP software’s.
What Is Enterprise Resource Planning (ERP)
Enterprise resource planning (ERP) systems are a set of integrated programs capable of managing a company's vital business operations for an entire multisite, global organization. ERP systems provide integrated software to support...
...in developing and formalizing the business strategies.
The arrival of information technology and dot.com arena that gave the further edge to the CRM and now there are varieties of CRM applications and database are available on readymade or customized basis, but in that domain almost more than 50 percent of share is captured by the renown industry giant such as Oracle, SAP, Siebel, PeopleSoft and Telemation. To be specific, it would be focused on the Oracle, SAP and Siebel. (Exforsys, 2010)
SAP, the world’s biggest enterprise software organization, started its journey in 1972. The name of the Company “SAP” is derived from the three German Words: “Systeme, Anwendungen, Produkte” means that "Systems Applications and Products.”
SAP application are based upon the latest R/3 system that provide the powerful opportunities to manage the cost accounting, production operations and materials, financial, asset, personnel, plants activities and archived documents etc.
Currently, SAP developed the unique and interactive products with dynamic web interface that is “mySAP.com” with further advancement in e-business applications such as Supply Chain Management (SCM) and Customer Relationship Management (CRM). SAP strategy is to provide the solution to the specific industry sectors that are: service industries, consumer industries, public services, discrete industries, financial services and process industries.
The SAP CRM program has the capability to...
...Financial Information System (FIS)
Definition - What does Financial Information System (FIS) mean?
A financial information system (FIS) accumulates and analyzes financial data used for optimal financial planning and forecasting decisions and outcomes. FIS is used in conjunction with a decision support system, and it helps a firm attain its financial objectives because they use a minimal amount of resources relative to a predetermined margin of safety. FIS can be thought of as a financial planner for electronic commerce that can also produce large amounts of market and financial data at once obtained from financial databases worldwide.
Financial data analysis may be conducted through trend evaluations, ratio analyses and financial planning modeling. Data outputs that are produced by FIS can include operating and capital budgets, working capital reports, accounting reports and cash flow forecasts. The predictive analytics included in these applications may also narrow down exactly what could be expected from a business interaction or transaction that has yet to take place.
The management of financial information in an e-commerce business is paramount in order to gain maximum operating results in the shortest amount of time. An FIS can also yield huge amounts of data for daily business operations. Financial markets traders and salespeople have the greatest demand for FIS because they work in very fast environments...
...Management Information Systems
MANAGING THE DIGITAL FIRM
Managing the Digital Firm
Kenneth C. Laudon
Jane P. Laudon
After reading this chapter, you will be able to:
1. Evaluate the role played by the major types of systems in a business and their relationship to each other.
2. Describe the information systems supporting the major business functions: sales and marketing, manufacturing and production, finance and accounting, and human resources.
3. Analyze the relationship between organizations, information systems, and business processes.
4. Explain how enterprise applications promote business process integration and improve organizational performance.
5. Assess the challenges posed by information systems in the enterprise and management solutions.
1. How can a transaction processing system help an organization's strategic-level planning?
2. Which of the four major types of information systems do you think is the most valuable to an organization? Explain your choice.
3. Discuss the benefits and challenges of enterprise systems and explain why a firm would want to build one.
4. Discuss how Customer Relationship Management systems can improve a digital firm’s...
...Enterprise Resource Systems
In business, it is important for companies to be able to communicate effectively. Each department of a company relies on the other departments as they add to the value chain. One way for a company to integrate its different departments is enterprise resource planning. ERPs are software programs that allow companies to join together data across operations on a company wide basis (Jessup and Valacich 248). ERPs store company information in a common database and allow all departments to access it from one central location (Koch). Companies without ERPS may contain many legacy systems, each operating with different equipment. Without an ERP and a common system used by each department, when information changes, it has to be changed in each legacy system. ERPs connect different departments so that company actions can be streamlined and data can be sent from one department to another easily. This makes it easier for information to be up to date. When data is changed in one department, it is updated company wide, avoiding conflicting data.
There are many reasons why it is advantageous for a company to use enterprise resource planning systems. ERPs improve information access, and increase the accuracy and consistency of data. ERPs also improve employee productivity and cut down on the amount...
What you think Management of Information Systems is and why it is important in today’s business environment?
Management Information Systems (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives on an organization. Modern businesses have been leveraging on MIS to manage, order, organize and manipulate the gigabytes and masses of information generated for various purposes. MIS helps businesses optimize business processes, address information needs of employees and various stakeholders and take informed strategic decisions. The development and management of information technology tools assists executives and the general workforce in performing any tasks related to the processing of information. MIS and business systems are especially useful in the collation of business data and the production of reports to be used as tools for decision making. With computers being as ubiquitous as they are today, there's hardly any large business that does not rely extensively on their IT systems (Kenneth C. Laudon). However, there are several specific fields in which MIS has become invaluable like in decision support systems, resource and people management applications, Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Customer Relationship Management (CRM), project management and database retrieval applications.